40-Unit Apartment
For Sale
Contact for pricing
Pending
7402-7431 Overton Ave, Raytown, MO 64133
Forty-unit multifamily property off Highway 350 with multiple HVAC and roof replacements since 2017.
Property Size40,000 SF
Days on Market105
Property Features for 7402-7431 Overton Ave
General Information
Standard status
Pending
Size
40,000 SF
Class
C
Property subtype
Multifamily
Occupancy
85%
Investment Type
Value Add
Additional Details
Highway Access
Yes
Multifamily Units
40
Building Details
Year Built
1965
Buildings
4
Units
40
Tenancy
Multi
Listing Agency:
Peak Real Estate Partners
Listed By:
Nick Ambrosio · License #2019045481
Source:
Crexi
Added: May 27
Changed: Aug 8
Last Checked: Jul 24 at 5:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peak Real Estate Partners
Investment Insights
Based on property information with market context.
The Overton Apartments is a 40-unit apartment complex in Raytown, Missouri. The property includes unit-level furnaces and HVAC systems, with 14 furnaces and 14 HVAC units replaced since 2019, and multiple roof replacements completed in 2017, 2021, and 2022. Renovations have been completed sporadically over the course of current ownership, leaving room for future value improvements. The existing design features spacious units with exposed brick and balconies.
The community is located right off Highway 350, providing convenient access to Highways 435 and 470. Current occupancy includes two voucher tenants and five mid-term rental tenants, with the remainder operating as market-rate units. The property also has shared laundry facilities.
For buyers and operators, this is a workforce-housing oriented rental property with a meaningful track record of building systems replacements, including HVAC and roof work. The unit sizes and exterior presentation support a tenant-ready product, while the documented history of periodic interior updates indicates there may be opportunities for continued capital planning. The property also has space in the basements that could allow for adding two units per basement, with the tradeoff of removing the on-site laundry facilities.
The community is located right off Highway 350, providing convenient access to Highways 435 and 470. Current occupancy includes two voucher tenants and five mid-term rental tenants, with the remainder operating as market-rate units. The property also has shared laundry facilities.
For buyers and operators, this is a workforce-housing oriented rental property with a meaningful track record of building systems replacements, including HVAC and roof work. The unit sizes and exterior presentation support a tenant-ready product, while the documented history of periodic interior updates indicates there may be opportunities for continued capital planning. The property also has space in the basements that could allow for adding two units per basement, with the tradeoff of removing the on-site laundry facilities.
Key Highlights
- 40‑unit apartment complex in Raytown, MO off Highway 350
- 14 furnaces and 14 HVAC systems replaced since 2019, with most upgrades completed in the last 3 years
- Roof replacements include 1 roof in 2017, 2 roofs in 2021, and the final roof in 2022
Property Analytics
Property Profile
Current Use
Lease Details
40
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
Explore this area
Business Placement
Demographics for 64133, MO
35,259
Population
16,435
Households
2.1
Avg Household Size
41
Median Age
23%
College-Educated
93%
High-School Grad
17.0 sq mi
ZIP Area
2,074
Density / Sq Mi
$66,816
Median Household Income
$40,874
Median Earnings
$1,185
Median Rent
$165,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Forty-unit multifamily property off Highway 350 with multiple HVAC and roof replacements since 2017.
Where is this apartment building located?
The property is located at 7402-7431 Overton Ave Raytown, MO.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 40‑unit apartment complex in Raytown, MO off Highway 350; 14 furnaces and 14 HVAC systems replaced since 2019, with most upgrades completed in the last 3 years; Roof replacements include 1 roof in 2017, 2 roofs in 2021, and the final roof in 2022
